Money Management Executive Latest News

Mexico’s pension funds are selling government bonds as they prepare for faster inflation, clashing with foreign investors such as Pacific Investment Management Co. who have bought the debt to profit from an oil-led growth boom.

Mayor-elect Bill de Blasio’s plan to pump $1 billion of New York’s $144 billion in pension assets into apartments for poor and working-class residents faces constraints including competition from banks and declining federal aid.

Pacific Investment Management Co. and BlackRock Inc. are set to take over Eike Batista’s failed oil ambitions as creditors accept losses as deep as 99 percent on $5.8 billion of debt in return for ownership stakes.

Treasury 10-year yields climbed to the highest level in more than two years as signs of a quickening recovery boosted speculation the Federal Reserve will keep reducing debt purchases.

Outflows, weak supply, rising interest rates, and mediocre returns are forecast for the municipal market as it prepares to ring in 2014 — in other words: more of the same.

Moore Capital Management LP, the hedge-fund firm run by billionaire Louis Moore Bacon, offered positions to money managers at SAC Capital Advisors LP, according to a person with knowledge of the matter.

Fidelity Investments, the world’s second-biggest mutual-fund company, said Ramona Persaud on Jan. 1 will take over management of two dividend growth funds that collectively manage almost $10 billion.

Municipal debt tied to real-estate development is set to be the best-performing part of the $3.7 trillion state and local-bond market this year as an improving housing market boosts the securities’ earnings.

Treasuries Reach Cheapest Level Relative to Stocks on Fed Prospects

Gold Swings as Investors Weigh Economy Against Physical Buying